Black Sales Journal

I have  had numerous discussions with sales professionals of all types and colors regarding the issues of prospecting tactics and strategies.  It is without doubt that any sales strategy that does not include strengthening prospecting activities could well be a real gamble.  Read this and get at it!

_________________________________

We all might have a little gambler in us, but do we all win?  The simple answer to that is no!  We don’t all win when we gamble.  As a matter of fact, some gambling can be bad for your career.

The gambling I am talking about is that the short amount of prospecting time that you spend cold calling is going to yield acceptable dividends and benefits.

I am guessing that prospecting may not be your favorite activities, although you might even agree that it is your most prosperous.  When you prospect extensively, every week is the spring season in terms of renewing hope.  Rejections have less impact on your momentum as you are consistently touching fresh and ready prospects that seal the wounds.

A Different Way of Thinking

First of all, we all need to think of it this way:

• If you are cold calling once a week, you are gambling.
• If you are cold calling twice a week, you are still gambling.
• If you only take out the time to cold-call three times a week, you are still taking a heck of a chance.

I am going to suggest that you cold call/prospect 4 times a week to achieve success. Cold calling gives you your edge in sourcing prospects.  It is an activity that gives you confidence when you have a good day, and keeps you grounded in the reality of this profession when you have a tough day.  Keep in mind that I am not talking about prospecting the whole day; I am suggesting a minimum of 2-3 hours a day, and certainly more if you are new in the sales professional.

Cold calling creates real work in the form of follow-up, appointment setting, and the preparation that goes with it. Between those activities the training, networking, and even preparing for other forms of prospect sourcing you will have your hands full, but not be lacking for qualified prospects to make your sales goals.

The Black sales professional even has more reason to cold call as it will take more prospects to fill your sales funnel. Many of the prospects will fall out as a result of preferences and other problems in the process.  Always have enough to work on and you always will be prepared

Cold Calling Creates Real Work

The best sales professionals are organized and systematic.  You may be correct that cold calling and prospecting (whether phone or in-person) is tedious and monotonous at times, yet you will not be successful on a long term basis without it.

Cold calling creates real work.  After you do it the most important thing is follow-up and organization.  Recording the conversations, cataloging the buyer and the responses is a must.  As a matter of fact, you can waste valuable cold calling effort if you forget important details.  Record and be specific and you will benefit.

Now, many sales gurus and advisors prefer you to do prospect for five days a week, yet I am being realistic.  If you do it right, and you do it with the gusto that you need to, you will deserve the 5th day off.

Always vary the cold calling times for your cold calling regimen, as you will potentially reach buyers that you were not able to reach at other times.

The Best Use Of Your Time – Alternatives

You are tired of hearing sales managers, and people like me tell you that you should prospect frequently.  I certainly understand that, these comments and urgings have the smell of truth.  Your choice is to increase your prospecting or gamble…but there are a couple of alternatives that I have spoken of in the past, and will spend some time with in some past posts:

• Networking for Success (Black Sales Journal 2/21/2011)
• Finding Prospects in Seminars (Black Sales Journal 3/24/2011)

Networking at a networking event produces contacts and prospects in volume.  It may appear more like ‘speed-dating’, but it does have benefits.  They are low cost, as you are only attending, and they are low-risk.  You talk to as many prospects as you can, then make your exit.

Seminars are work, but can deliver results in amounts that are amazing.  Putting people with like needs in a room and talking to them about an important or impending subject is powerful.  Participants ask questions and your responses give you a chance to be the expert that your customer needs.  Don’t miss that opportunity.

We will have more discussion on these subjects in upcoming posts.  You can still have the variety that you need in sourcing prospects to keep you engaged.  Never stop growing your prospect list.

Your comments are welcome.

Everyone starts somewhere!  When you are new and untested, go to your strengths.   Take a look at this:

___________________________________

During my days as a sales manager I was often asked by fledgling sales professionals as to what they could do to compete with the wealth of sales professionals out there with greater experience and knowledge?  What could they do that could negate that experience and make them the sales professional of choice?

The answer may well be nothing! Nothing negates the advantages that knowledge and experience gives.  It is something that cannot be taken away from the sales professional and there will be a day that you all will be glad about it.

However, there are some actions that you can undertake that will put you in a position to win, and your ‘weaknesses’ will be your strongest assets.

Know Your Assets and Use Them

Know your most plentiful assets and know how to constructively employs them to make the difference in how the client/prospect perceives a sales professional.

__________________________________

Question:  What does a new sales professional have in abundance over the successful sales professional?
Answer: Time

The new sales professional has the ability to spend mountains of time on individual prospects and clients, ultimately impressing them with his or her attention and presence.  Be wise about it; yet note the relationship building aspect of spending face-time and effort impressing the buyer and how this will pay dividends.

______________________________________

Question:  How can you make the client ‘dependent’ on you?
Answer: Make yourself indispensable and memorable.

How can you use your ability to focus on the customer?  Create memorable moments (Black Sales Journal 2/3/2011 – Make Yourself Memorable) by sending personally signed cards and notes that share information about products, industry news, and economic data.  Share outlooks and comment on how that might affect your customer/prospect. Increase the customer’s dependency on you, and a relationship is created.

_____________________________________

Question:  Does your customer have a perplexing problem?
Answer:  Do Extensive research

Take on a project of solving a problem that could be a game changer.  I once was acquainted with sales professional that was asked to advise how to insure a totally new energy concept.  He researched, and researched, and once finished presented to the prospect and the prospects two biggest suppliers.  The project never got off of the ground, but the sales professional ended up winning the account for both of the suppliers (he already had the other principal) as a result of his spirited work.

______________________________________________

Situation:  You need to find prospects…now!
Answer:  Use your ability to access technology for a full-out prospect blitz.

Find new, untapped prospects using your ability to research online.  Most experienced sales professionals have a wealth of work to do with existing accounts, and they are also about the business of sourcing prospects.  They won’t have nearly the amount of time, and potentially technology background to do this.  I have seen it done often, and it is often difficult for the vets to keep up.

Sound too Simple?

It is simple.  The problem with sales is that cumulative sales and existing clients generate a significant amount of work.  The sales professional who is the beneficiary of that account either does the maintenance work, or delegates it to an assistant or inside sales person.

Sales professionals vary in their ability to delegate, but no matter what, it takes time to do the actual work, or to delegate.  The new, but lean, sales professional can use that time to develop prospects and relationships as well as source them by spending the adequate amount of time finding those that have not been claimed.

Use your intrinsic energy to master the prospect system, find the relationships and then deliver solutions so that you can sell.  Spend valuable time working at relationships as you have the time to do it.  It is still a lot of work, but this is what you can be doing.

Here is the time to put together a good plan regarding which prospects to attack, and what sales assets to exploit.  You have something to offer, and it does not work with every buyer/customer/prospect, but with many it makes a significant difference.

Being effective when you are new is important.  Your sales plan executed well is the true meaning of effectiveness.

Always be effective!

Your comments are appreciated.